The Layers Edge PDF

http://www.freegamblingebooks.
com
http://www.laytheodds.com
Copyright , FreeGamblingEbooks.com
All Rights Reserved.
Free reprint Rights!

You have the permission to distribute this document to your friends,
colleagues, subscribers or anyone else you want by using email, posting it on
your website or in any way you prefer (except for spamming). The only
restrictions are that the document is not altered in any way, no money is being
charged for it and that you are not taking the credit for creating the document.
For all your Laying Systems, Articles, Reviews, Betting Bots, Betting Exchange Tutorials and
more, Please visit http://www.laytheodds.com/
OPEN A NEW BETFAIR ACCOUNT
If you haven't yet opened a Betfair account, I will now run through the steps to open
your account and receive your free 20 bet.
Betfair is the biggest and best betting exchange. They have a huge range of betting
markets and users so there is never a problem of getting your bets matched. No only
that but Betfair will give new account holders 20 free plus a bonus payment after
three months of an amount which depends on your betting activity over those first
three months.
See the terms and conditions when opening your Betfair account
Important
You must enter a code (which is below) when opening your account in order to be
eligible for the free 20 and bonus. Unless you enter the code correctly (or open your
account without the code, you wont get your freebies.
1) To open your Betfair account:
2) Go to http://www.betfair.com
Click the "Join now" link at the top of the page
3) Enter your details in to the Pop-Up screen
4) Enter the code 4PM3KGQQA in to the Refer and Earn box (See screen shot
below) and click "next" to continue with the account opening process.
Remember, you MUST enter the Refer and Earn code in full and correctly.
4PM3KGQQA
If you do successfully open your Betfair account using the above code, then Betfair
will:
Credit your account with 20 after you have placed bets of a sufficient amount to earn
50 Betfair points*
Credit your account with a further bonus after three months based on your betting
activity over that time*
*Please refer to the Betfair terms and conditions when opening your account, or
afterwards log-in to your account and click the refer and earn link.
Introduction
Firstly, thank you for purchasing this system, used correctly this will provide
you with an additional income from betting. On a personal level I do not
purely live on gambling but it helps give me and my family the extra luxuries
in life. How much you make will depend on your size of bank and frequency
you bet. It would be too stressful to live purely from gambling, for me
anyway. There are professional gamblers out there who can live purely from
betting, because they have a workable system or top class information plus a
sizeable betting bank which can see them through bad spells. They probably
would bet in hundreds if not thousands to achieve the level of income most of
them state they earn.
I am interested in facts, figures, numbers and statistics! I do not like to

base my analysis on the phase of the moon, horse number or jockey and do not
like to spend too much time rating each horse etc. You may have come across
that sort of system before, but for me, it takes up too much time.
I came up with this system based on past historical data, as it does not lie, and
if racing is still the same now as it was when it started then the trend should
stay the same. I will explain more about this in a later chapter.
I'll assume you have a good understanding of the Betting Exchange's and
mainly Betfair. If not, there are many good manuals which can explain a lot
about Betting Exchange's and will refresh or increase your knowledge on
them. Take your time to understand how they work and make sure you know
how to back and lay on the exchanges before reading any further.
I will use Betfair as they are the biggest and have the most liquidity for laying
bets, therefore its no problem getting your bets on. There are other exchanges
out there but I personally dont use them, although it doesnt stop you if you
prefer to use them instead of Betfair. The results I have provided are based on
bets placed on Betfair.
Now youve probably also heard the next statement many times before but it
does hold true, "do not gamble more than you can afford to lose," It will
seriously affect your personal and family life. Many wannabe pro gamblers
fail because they cannot accept occasional losses or accept that you will lose
some days although with discipline and self control you will walk out a winner
in the long term.
Think and work like a bookie
Why do bookies always win? You'll occasionally hear them moan and groan
that they've been hit hard today because so many favourites won etc. and
they paid out so many thousands.blah blah blah. Yet they are still there
taking bets day in and day out, keeping quiet about the days when they've have
a good week or month because so many punters have lost.
Even bookies have bad days, but that doesnt mean they wont have a
PROFITABLE week or month. They work with the knowledge that over the
longer term statistically they'll win. They dont work with how much they have
made, but rather the percentage on return of their capital or investment. Have
you heard of the term, over-round?
The over-round percentage is different for different races or sports; lets say its
120%, and the bookies will make 20% on that event regardless of the
outcome because the odds are set so the'll come out a winner. It doesnt work
out perfectly all the time, simply because not all the horses will get backed, so
he may make a loss on a race where the favourite was heavily backed and
there was little money going on the others, then the favourite wins and he
didnt take enough money on the losing bets to pay out the winning bets!
However he plays with statistics knowing over the longer term he will collect
more in losing bets than paying out on winning bets.
You must start to do the same, you'll pay out at times but the amount you
collect in successful lays will be more than the amount you pay out.
Example 1
Heres an example to get you thinking on the right lines. A coin toss was
offered on heads or tails at even money. I will be the bookie and take your
bets, for me its not worth it, as the money I take from heads will pay out tails
or vice versa, so its not making any profit for me at all.
However, I know in the longer term the outcome should be around the 50%
mark for either heads or tails coming in, so I adjust my maximum payout to be
4/5 on, for either heads or tails. Now for every toss I will make 0.2 point profit
regardless of outcome, so that means for every 10 I take as a wager I will
make 2 as the 10 I take from the losing bet, I will have to pay out 8 to the
winner (4-5 x 10).
Example 2
Lets look at a dice throw, there are 6 possible outcomes and lets say I will be
taking bets on any of them coming in, I offer odds of 4-1, you can see
immediately I will make a 1 point profit. Theres 1 in 6 chance on any of the
sides coming up, and over the longer term they should all statistically have
equal chances although on occasions it may favour lets say number 4 and 5.
The the law of averages over the weeks show that they will all come up
around the same amount of times.
This is similar to casinos, they always have a 'house edge' over the punter and
will always win. Think about it how many casinos are springing up in the last
10 years especially online as well. There are possibly a few who do make it
pay from gambling but the majority are the losing punters' money which
pays the pros and the casinos.
Whats the moral? If you cant beat em, join em. Be an armchair bookie
without the proper hassle of being a bookie.
Information Research
I slaved over this system for many months, and have done many hours of
information research. I found various laying system's out there, some lay the
favourites others lay the outsiders. (Have you seen the odds on the exchanges
to lay outsiders!?)
Because the odds are so high on the exchange's, laying them could wipe out
any profit you have made in one fell swoop, a 25-1 chance at sp is around 40
or 50 to 1 on Betfair, you almost have to take double the odds for outsiders. I
would leave them well alone!
One system I came across was to lay the 33-1 shot outsider, generally that
would be around 50-1 on Betfair, so to win 2 I had to put up a liability of
100, hardly worth it. If one came in I would then have to lay 50 of these to
get my money back.
Another one was to just lay the favourites, but on every unsuccessful lay, you
add the losses plus the target profit to the next favourite, therefore you should
hit a successful bet quite soon and return all your losses plus profit. One
flaw is that if you have a sequence of 4 or 5 favourites winning which isnt
uncommon, you would need a very large bank to cover the losses. Try
calculating a sequence of 5 favourites at prices of 6-4 just to win 10. Youll
be quite shocked. Favourite prices can go up to 4 or 5 -1 in bigger field races.
Its a racing statistic that favourites win around 30%. If you backed all favs
to level stakes you would lose money and if you laid them all you would
lose money! On the exchanges you have to generally accept higher odds to lay
to sp. So statistically you will lose over the long term.
Dont beat yourself up from one particular race or outcome, what you are
interested in is the collective amount of winners and losers over the week
and months. Like I said before, there will be days you will pay out more than
you receive but followed correctly you should collect more in losing bets than
you pay out.
If you work during the day, you can still make an excellent profit from
this system by just following races at the weekend and/or evenings in the
summer.
The System
This is so simple you will probably not believe this, but the results actually
speak for themselves. If you have the time, you can go back and check the past
results yourself through the years. You can find them on the racing post
website Racing Post
I wanted a system that was easy to operate and didnt spend too much time
pouring over form and ratings only to come up with a loser! Thats the key
word for us LOSER. In racing there is always the other variables that can
never be accounted for which ultimately can lead to a horse winning or losing.
Im sure you have seen it happen many times, for example: bad break in a
sprint, getting boxed in, jockey error etc
There is a particular horse which many tend to overlook in many systems out
there. It happens on a frequent basis. There not a magical formula to pick this
horse, but to wait and follow the actual live market when the prices come
up.
How many lay systems tell you to lay the second favourite? Not many, this
one does. The reason, contrary to belief, second favourites do not win as often
as favourites do, although on occasions or odd days they come in more, but
remember over the longer term they dont. They probably win around 20
25% of races. You also have the main favourite running for you along with the
rest of the field, which is a plus.
There are certain types of races and certain race courses you must stick to and
I have found these to have the lowest percentage of second favourites winning.
The racing post gives a good general guide to the forecast SP. If you look
through the qualifying meetings and look at the forecast second favourite
price, as long as it is not above 9/2 that will generally be a race card we will
look at.
The percentage is around 85% strike rate so it means that on average 6 out of
7 races that you lay are successful and you pay out on only one horse. If you
laid to a liability of a maximum of 6.0 you will make 1 point profit for every 7
horses you lay. You must pay commission as well on winnings so you actually
make slightly lower but a profit nonetheless.
Not all the pay outs on winning horses will be at 6.0, some are less so you
actually make more. It is vital that you lay all qualifying horses otherwise
you do not get the extra losers to pay for the winners, so now you can see why
we do not want too many people doing this. I have missed out on several lays
simply because the prices on Betfair were ridiculous for a 9/2 second favourite
I have seen it drift on betfair originally around 5.5 to suddenly going up to
around 8.0. That is not value for us as a layer so that wont be a bet. To
make a long term profit we must not lay more than 6.0.
The Rules
Step 1
The only things you need are a Betfair account and access to the live prices
as they are shown in real time. If you have access to sky or cable which shows
the races were interested in then thats a bonus. Sometimes races are not
shown on TV so you can get the live prices either through the Racing Post
website, Sporting Life through BBC ceefax pages 670 to 680 which shows the
live prices.
Step 2
What you must do is wait until the live shows ie. track prices or bookmaker
prices are in usually around 10 minutes before the off. We are only interested
in the CLEAR SECOND FAVOURITE. Do not lay your bet until at least
one minute or less before the race starts. I usually wait until at least 30
seconds before the off so I am sure that horse is the second favourite. On the
odd occasions there are exceptions when suddenly theres a major influx of
money for some horse or even your horse and knocks it out of being the 2nd
fav. Then leave it, or if you have laid it theres nothing you can do at this
stage. It happens but not all the time.
Thats why we do not lay until the market settles. Sometimes you will see
flip flopping favs and 2nd favs or late money coming in etc if there is not a
clear 2nd favourite by 30 seconds before off, leave the race alone. The
markets are uncertain.
Do not lay the second favourite above the fractional odds of 9/2
generally as that sort of price would mean it would be around 6.0 on
betfair.
Do not lay JOINT 2nd Favourites because you wouldnt know which
horse to lay.
If there are joint favourites and they are solid joint favourites and the
price for the next horse i.e. the second favourite is still within the price
range, if the prices 30 seconds before the off remains like that then lay
the second favourite if you can get 6.0 or below.
E.g. Newbury 2.30
Attila the Hun 11/8

Bertie bacon 11/8
Frankie fish 4/1
Donkey Kong 6/1
10 bar .
Frankie fish would be our lay bet.
Occasionally one of the joint favs may drift out slightly or the other
shorten, then our lay bet would be the one that has drifted, i.e. if
Bertie bacon goes to 6/4 as that has now become the second favourite.
Your decision is made by maximum 1 minute or 30 seconds before

the off. Thats why you have to be at the computer for every
qualifying race. It could be frustrating at times as you may not get on
every bet and may wait an hour or so before the next race, so you have
to be patient.
Do not bet on races with less than 7 runners. We must make the
odds in our favour as much as possible. If there are 6 runners or less,
NO BET.
Do not bet if our selection has run less than 5 days ago. (ONLY ON
THE FLAT)
FLAT RACING
These are the courses to follow, make sure you know this as there are
separate rules for flat and jumps.
For the FLAT RACING, this is turf and the all weather. EXCLUDE ALL
THESE MEETINGS, any other is ok.
EXCLUDE: AYR, BRIGHTON, CATTERICK, CHEPSTOW, CHESTER,

DONCASTER, EPSOM, GOODWOOD, HAMILTON, MUSSELBURGH,
LEICESTER, WARWICK, AND YARMOUTH.
Also exclude major meetings like Royal Ascot, Cheltenham festival, Glorious
Goodwood where there are competitive group races.
The qualifying meetings on the flat:
CLAIMING STAKES OR STAKES

MAIDEN RACES
HANDICAPS
EXCLUDE GROUP RACES (the race card would say group 1 or 2 or

3)
EXCLUDE SELLING, or any race cards with the word selling on
them.
EXCLUDE AMATEUR races.
EXCLUDE BANDED races
EXCLUDE NURSERY races
Max fractional odds 9/2 if bookmaker price or track price is over this, then
leave the race alone. With Betfair the price should be around the 6.0 mark, so
no bet if its over 6.0.
RULES FOR JUMP RACING
Courses to bet on. Use these courses only
AYR, BANGOR, CHELT, CHEPSTOW, DONCASTER, EXETER,

FAKENHAM, FOLKESTONE, FONTWELL, HEREFORD,
HUNTINGTON, KELSO, LEICESTER, NEWCASTLE, NEWTON
ABBOTT, NOTTINGHAM,
PLUMPTON, STRATFORD, TAUNTON, UTTOXETER,
WARWICK,
WINDSOR, WORCESTER.
MIN 7 RUNNERS
Bet on these types of races only
HANDICAP JUMPS ONLY, HURDLES AND CHASES.
If the jumps do not have the word handicap in the race card then no
bet E.g. Handicap hurdle or Handicap chase.
Max odds again 9/2 if bookmaker price or track price is over this, then leave
the race alone. With Betfair the price should be around the 6.0 mark, so no bet
if its over 6.0.
Once you know them its quite easy, refer to these notes at the start of each
racing day
to find out qualifying meetings and race cards initially.
What I do in the morning is to log onto www.racingpost.co.uk check any

qualifying meetings first and then list down in timed order any qualifying
race cards, then watch the racing throughout the afternoon if its on TV or
cable and bet on each race as they come up. Sometimes theres no bet but
you have to wait and be patient. Quite often I would flick onto the live price
on ceefax or the racing post as I watch the time coming close to the off. The
advantage of watching some live racing on TV is that you can see if theres a
delay which means you can wait a little longer to place your bet and
determine the 2nd fav.
At times theres a clear cut 2nd fav. No ifs and buts, the favs at evens, 2nd fav
at 3/1 and third is at 6/1 and so on. In those circumstances, theres no
movement, the market has determined the odds. You can safely lay the 2nd
fav.
Time saving tip
Before racing commences obviously we need to list out the race cards in
timed order. What I tend to do is click on Betfair and run through in timed
order the qualifying races and see the general prices first. You can see the
price of the second favourite immediately but that of course can change before
the off. If its hovering around the odds we would lay at then take note and
move onto the next qualifying race card. It is easier to see on Betfair as it is
already listed in timed order with real prices rather than the racing post BUT
you must refer to the racing post for the type of races and the other points
about the runner EG as long as it has not run less than 5 days ago
on the flat.
Staking Plans
There are 3 different staking plans to use with this system depending on your
own personality or choice. You can see with the results sent with this system
the 3 different ones. (The results are in the email with the free gifts, please
refer to the spreadsheet to understand the explanation below)
The main one I use is just level staking which is shown on the left hand side.
To the right of the results you can see others which I will explain. This means
you just lay a fixed amount regardless of the price but remember your
maximum liability would be only 50 if you laid to 10 level stakes.
To the right hand side of May and Junes results, you are laying to lose a fixed
amount in that example would be 100. You just divide 100 or whatever
amount you are using by the odds on offer lets say it was 5.5, minus 1 so it
becomes 4.5, so you divide 100 by 4.5 = 22.22 for your stake. If that wins
you pay out 100, if it loses you take 22.22 less commission. Another
example, odds on offer to lay is 3.55. To lose 100, take away 1 from 3.55
(3.55-1 = 2.55) so divide 100 by 2.55 =39.21 is what you type in to lay. If it
wins you pay out 100 or near that as you cannot get exactly 100 all the time.
It loses; you collect 39.21 less commission. The amount you take in will
vary depending on the odds, the lower the odds the more you will win if it
loses. But your liability will always be the same.
In July results you can see that I was laying to a liability of 10% of the bank.
Start off with a comfortable level bank minimum 200. In theory you can
never lose all your money because you liability will decrease as you pay out
on a run of winners. This however will increase dramatically when you get a
long run of losers, as your bank increases so does your liability and the
amount you take in losing bets. You must calculate the new liability after
every race depending on the result. EG your bank stands at 356, you would
see the max liability you are prepared to lose would be 35.60. As above,
divide your liability by the odds on offer lets say 4.2 so 35.60 divide by 3.2 is
11.12. You type in 11.12 on your stake. If it wins then you lose 10% of your
bank, in this example 35.60, if it loses you take 11.12 less commission so
you recalculate your next liability on the next race. You can see it more
clearly on the results page in Julys results.
I haven't tried these other staking plans myself but they were put in to run
alongside my normal level staking to see which ones were more profitable.
The results also show the odds laid on betfair and less 5% commission on
winning bets, so its clearer on the actual real profits you make. A flaw I
found with other lay systems were they showed the lays at sp and did not
take into account the commission they would have to pay on the winning bets
each time, not on the actual profits at the end of the month.
Final words, paper trade this system first or use very small level stakes like
2 to get use to working the system and watch your profits build up. To be
safe, I would recommend using 40x the level stakes to start off with as a
bank. Just in case when you start off, sods law you hit a few winning bets
which you must pay out on, this should absorb any initial winners. When I say
winners it means an unsuccessful lay. We think like a bookie now and we
like the word losers where we collect. So if you were to lay 10 level stakes,
have a bank of 400 (10 x 40) or 5 then start with a bank of 200. I have
never actually had to use that amount as my initial losers were enough to profit
from and pay the winners.
At the end of the month withdraw around 50% and pay yourself, put the rest
back in to build up your betting bank. As your bank increases you can increase
your level stakes accordingly. Always take some profit out, you will feel a lot
better as you reward yourself for all that effort you put in. Do what you like
with the cash, save, spend, holiday or treat your family. Do something with it.
Its not really profit until you put it away from your betting activities or
spending it on a reward for yourself or family.
The only thing to do now is go out and try this. Once you have finished
paper trading, always bet with a comfortable amount and if the worse happens,
it wont ruin your life. This is still gambling and that I wont deny, although
the past statistics shows, it is profitable, but it could still change and you can
hit a run of winners which can blow your entire bank. Thats why I insist on
taking some profits when you can.
Good luck and have a wonderful and prosperous future.
Regards,
Tony
If you enjoyed this Ebook Make sure you download The Complete Betfair
Course This course will teach you different trading, betting and laying
strategies, how to manage your money, how to spot a steamer or drifter, which
betting software to use, how to use Betfair, how Arbitrage works plus much
more!
Download your FREE copy now!
We also recommend the following:
The e-LOTTERY MULTI-WIN SYNDICATE SYSTEM is nothing like any syndicate

you may have played in before. It's unique!... Giving you a fun, hassle-free way to
play online every week and a huge, proven, mathematical advantage over playing the
lotteries on your own the normal way. In fact, so huge an advantage you have a
massive 702% greater chance of scooping a UK National Lotto jackpot and an even
better 3,600% greater chance of scooping a EuroMillions jackpot! - Download FREE
Ebook now! or Watch the Video!
Visit the Main Site: http://www.play-e-lottery.biz

The Layers Edge PDF

Încărcat de

Informații document

Titlu original

Drepturi de autor

Formate disponibile

Partajați acest document

Partajați sau inserați document

Opțiuni de partajare

Vi se pare util acest document?

Este necorespunzător acest conținut?

Drepturi de autor:

Formate disponibile

The Layers Edge PDF

Încărcat de

Drepturi de autor:

Formate disponibile

http://www.freegamblingebooks.

Free reprint Rights!

1) To open your Betfair account:

Click the "Join now" link at the top of the page

3) Enter your details in to the Pop-Up screen

I am interested in facts, figures, numbers and statistics! I do not like to

Attila the Hun 11/8

Frankie fish would be our lay bet.

Your decision is made by maximum 1 minute or 30 seconds before

EXCLUDE: AYR, BRIGHTON, CATTERICK, CHEPSTOW, CHESTER,

CLAIMING STAKES OR STAKES

EXCLUDE GROUP RACES (the race card would say group 1 or 2 or

RULES FOR JUMP RACING

Courses to bet on. Use these courses only

AYR, BANGOR, CHELT, CHEPSTOW, DONCASTER, EXETER,

What I do in the morning is to log onto www.racingpost.co.uk check any

Time saving tip

Good luck and have a wonderful and prosperous future.

Download your FREE copy now!

The e-LOTTERY MULTI-WIN SYNDICATE SYSTEM is nothing like any syndicate

Visit the Main Site: http://www.play-e-lottery.biz

S-ar putea să vă placă și